US Regulators Face One-Week Deadline to Finalize Stablecoin Rules Under the GENIUS Act

Six US federal agencies, the Office of the Comptroller of the Currency (OCC), the FDIC, the National Credit Union Administration, the Treasury Department, FinCEN and OFAC, must finalize rules governing stablecoin issuers by July 18, 2026, exactly one year after the GENIUS Act's enactment. The public comment period on the proposed rules closed June 9, 2026, leaving agencies less than a week to reconcile six separate frameworks covering capital, liquidity, reserves, anti-money-laundering compliance, redemption and a ban on yield payments. The final rules could affect global access to dollar stablecoins such as Tether, which is widely used in Iran's market.